US EditionS&P 500 & Nasdaq: Fed Decision Triggers Market Pullback
4 Articles
4 Articles
Stock Market Today: S&P 500, Nasdaq Futures Dip Ahead Of FOMC Decision On Interest Rates—General Mills, New Fortress, Cracker Barrel In Focus - SPDR S&P 500 (ARCA:SPY)
U.S. stock futures were swinging on Wednesday following Tuesday's negative moves. Futures of major benchmark indices were mixed.
The U.S. shares withdrew from their records on Tuesday, while investors took a break on the eve of the Federal Reserve meeting. Despite good news about consumer spending, the market remained cautious awaiting an announcement that could define the course of interest rates. The S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) fell by about 0.1%, while the Dow Jones Industrial Average (^DJI) backed back by 0.3%. This move took place after the three…
In the U.S. financial markets on the 17th, U.S. Treasury bonds fell (yields rose), and the S&P 500 continued to fall slightly. The Federal Open Market Committee (FOMC) delivered a widely expected interest rate cut and hinted at two more rate cuts this year, which the market had already priced in.
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